Poll finds most Africans invest in cryptocurrency for children’s futures

Most of the surveyed crypto investors in Africa said that their main motivation for earning money is to secure their families’ financial well-being. Business Insider Africa.

According to a survey by Luno, 78% of respondents save regularly; among the general population the figure is lower—65%. Only 3% have no investment plan.

Nearly half (48%) of respondents are willing to invest their wages in cryptocurrencies to pay for their children’s education, 43% to build a start-up capital for children and/or grandchildren, and 39% to save.

More than half of Nigerians (55%), South Africans (56%) and Kenyans (64%) do not consider investing in digital assets due to a lack of awareness.

Earlier, the survey showed that men invest in cryptocurrencies more often than women. The latter, according to a recent study, buy digital assets, based on their market capitalization.

Earlier, polls showed that one in four Americans would back the legalisation of Bitcoin, and one in three residents of Texas would be willing to pay with cryptocurrency.

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